Replies to post #200 on Contextlogic Inc (WISH)

[Norton1973]

"Wish was started by Piotr Szulczewski, a former Google engineer, as a software company called ContextLogic. In September 2010, ContextLogic received $1.7 million in investments and involved Yelp CEO Jeremy Stoppelman. In May 2011, Szulczewski invited college friend Danny Zhang to relaunch the company as Wish. It was created as an application that allowed shoppers to create wish lists of their favorite products. They also earned revenue with a Pay-per-click model by advertising on Facebook.

In 2013, Szulczewski met with Hans Tung, an investor with GGV Capital in Menlo Park, California.  And noted that a large number of sales were coming from Florida, Texas and the Midwest rather than New York or California. Wish became an e-commerce site after asking merchants to host their products directly on the Wish application. In 2017, Wish was the most downloaded e-commerce application in the United States.  It signed a multi-year partnership with the NBA’s Los Angeles Lakers.

[faceoff]

ok you need to look at Market cap not just price (different amount of shares outstanding will drastically change share price).

So $SHOP has a market cap of about 192 billion

$WISH has a Market cap of 6 billion.


Market cap = Multiply the number of outstanding shares times the share price.

Wish - 505,000,000 x 11.89 = about 6 billion

now to find out the share price if our Market cap was in line with SHOP

divide the market cap by the number of shares.

192 billion divided by 505m = a share price of $380 per share

I used shop because their revenue matches our however they only have 113m shares outstanding and wish has 500m.

Still $380 price per share is not bad.